AS FAKTO

INCOME STATEMENT

01.01-31.12.99

 

Consolidated, audited

                                                         Group           Group           Fakto           Fakto

                                                          1998            1997            1998            1997

 

Commercial revenues

  Net sales                                        354 546 013     329 994 837     176 234 984     200 782 980

  Other revenues                                     4 278 294       3 914 133       2 441 434         883 889

   Total commercial revenues                       358 824 307     333 908 970     178 676 418     201 666 869

 

Commercial expenses

   Raw materials, goods, and services              288 681 476     275 857 854     141 995 603     171 682 910

   Other operating expenses                         17 934 396      15 990 190       6 952 041       7 168 483

     Personnel expenses

     Salary expense                                 20 887 344      14 751 695      12 988 155       9 236 704

     Social taxes                                    6 756 997       4 823 918       4 124 199       2 966 370

   Total personnel expenses                         27 644 341      19 575 614      17 112 354      12 203 074

   Depreciation and value adjustments on 

   non-current assets                                5 918 543       6 291 243       3 598 857       3 632 759

   Other expenses                                    5 128 374       4 497 273       2 173 139         412 763

   Total commercial expenses                       345 307 129     322 212 175     171 831 994     195 099 989

 

Commercial profit                                   13 517 178      11 696 796       6 844 424       6 566 880

 

   Financial revenues

   Income from subsidiaries                                  0               0      2 161 589       2 042 201

   Profit from exchange differences                     54 700          41 878          53 838           6 593

   Other interest and financial income                 539 252         195 282          68 867         224 347

   Total financial revenues                            593 952         237 161       2 284 294       2 273 141

 

   Financial expenses

   Financial expenses related to subsidiaries          379 716         221 498         379 716         221 498

   Other financial expenses                            190 054              367         60 988          11 745

   Interest expenses                                 4 505 214       4 039 565       2 392 455       3 273 859

   Loss from exchange differences                       92 176          57 745          42 859           6 258

   Total financial expenses                          5 167 160       4 319 175       2 876 017       3 513 360

 

 

Profit before income tax and minority interest       8 943 970       7 614 782       6 252 701       5 326 661

 

   Income tax                                        2 474 247       1 577 888         973 899         600 428

   Future period income tax liability                 -213 699         393 547         -10 757         304 958

   Minority interest in subsidiaries                 1 393 863         876 396               0               0

 

Net profit                                           5 289 559       4 766 950       5 289 559       4 421 275